Term or Permanent Insurance?

It’s all about net cost

Term or permanent insurance? That seems to be an age-old question that many of us still ask when considering the purchase of life insurance. And the answer is most often: It depends on your individual situation.

Did you know … Term life insurance often has the lowest initial premium, but for longer-term needs may actually cost more than permanent insurance such as Whole life or Universal life insurance? And, only about 4 percent to 5 percent of term policies result in death claims because the great majority of term policies aren’t in force when death occurs¹.


Your situation
Your life insurance needs depend on a number of factors, such as whether you’re married, the size of your family, the nature of your financial obligations, your current and potential future earnings, and your goals. Let’s get together — I can work with you so that you can analyze your individual situation to help you determine your life insurance requirements.


Contact me: Marianne Hobbs Insurance Agency 602.547.1970 OR http://www.farmersagent.com/mhobbs


¹Source: Essentials of Life Insurance Products, Stevick, 2008, p.4.28

Products and features may not be available in all states and may vary by state.

Life insurance issued by Farmers New World Life Insurance Company, Mercer Island, WA 98040